First Derivatives Boosts Payout As Annual Profit Surges

LONDON (Alliance News) - First Derivatives PLC boosted its dividend Tuesday after profit and ...

Alliance News 21 May, 2019 | 10:17AM
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LONDON (Alliance News) - First Derivatives PLC boosted its dividend Tuesday after profit and revenue both surged as the trading software developer continued to scale the business.

For the year ended February, pretax profit widened 38% to GBP16.7 million from GBP12.1 million the year prior. This was after revenue rose 17% to GBP130.9 million from GBP111.9 million the year before.

"We have delivered another year of strong growth while investing to scale our business and secure growth in new markets," First Derivatives Chair Seamus Keating said. "Customers across a wide range of end-markets are waking to the transformative power of Kx technology to unlock data, drive value and secure their own long-term success."

First Derivatives proposed a 19.3 pence per share final dividend, up 14% from 17.0p the year prior. For the full year, the dividend rose 13% to 27.0p from 24.0p the year before.

"Our investment programme has helped to deliver a number of important new contract wins, as well as OEM and partnership agreements that will provide a solid platform for growth in the years to come," Keating added. "As we look ahead, we are excited by the growing pipeline of opportunity across our business and are confident of achieving another year of strong organic growth."

Shares in First Derivatives were 3.9% higher at 3,148.78 pence on Tuesday.

By Ahren Lester;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
First Derivatives PLC 2,505.00 GBX -0.79 -

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